De-banking of John Eastman
John Eastman, an attorney for former President Donald Trump, was "de-banked" by Bank of America and USAA due to backlash for his work advising Trump during the 2020 election. De-banking is a phenomenon where financial institutions refuse service to targets of political activism, often conservatives. Eastman faced challenges and backlash following the 2020 election, including being de-banked and facing ethics violations. Many state attorneys general criticized the de-banking trend, calling it unacceptable and potentially a violation of state and federal law.
Key Points
- John Eastman, former attorney for Trump, was "de-banked" by Bank of America and USAA
- De-banking is a practice where financial institutions refuse service to targets of political activism
- Eastman faced challenges and backlash post-2020 election, including being de-banked and facing ethics violations
- State attorneys general criticized the de-banking trend, calling it unacceptable and potentially illegal
Pros
- Sheds light on the issue of de-banking and its potential political motivations
- Raises awareness about the challenges faced by individuals in the public eye
Cons
- Potential violation of individual rights and liberties
- Could lead to financial difficulties for those de-banked